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Feb 7, 2012
02/12
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they're not trying to build a government institution. the rebels are not fighting for any particular cause. they are extracting these minerals--like gold, like tantalum, tin, and tungsten--in order to sustain themselves as predatory organizations. >> is the violence increasing, decreasing? >> it spikes. it comes in phases, and it's very localized. >> one recent spike centered on a village called kanyabayonga. we went there with united nations troops and found that a rebel militia had raided the village and burned 70 homes. why attack the civilian population? >> it's a very effective strategy. it scares the people. it terrorizes them into compliance. >> it's chaos. >> it's chaos that is organized in order to exploit the gold and other minerals for the enrichment of these armed groups, and it just keeps the cycle going and going until we break that cycle and begin to address the root issue here, which is the gold and the other conflict minerals. [ticking] >> coming up, the atrocities of gold trafficking. >> [speaking in foreign language] >
they're not trying to build a government institution. the rebels are not fighting for any particular cause. they are extracting these minerals--like gold, like tantalum, tin, and tungsten--in order to sustain themselves as predatory organizations. >> is the violence increasing, decreasing? >> it spikes. it comes in phases, and it's very localized. >> one recent spike centered on a village called kanyabayonga. we went there with united nations troops and found that a rebel...
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143
Oct 17, 2012
10/12
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CNBC
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eye 143
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it's not by trickle-down government saying we're going to take more money from people and hire more government worker, raise more taxes, put in place more regulations, trickle-down government has never worked here, has never worked anywhere. i want to make america the most attractive place in the world for entrepreneurs. for small business. for big business. to invest and grow in america. now, we're going to have to make sure that as we trade with other nations, that they play by the rules, and china hasn't. one of the ways they don't play by the rules is artificially holding down the value of their currency because if they put their currency down low, that means their prices and their goods are low, and that makes them advantageous in the marketplace. we lose sales and manufacturers here in the u.s. making the same products can't compete. china has been a currency manipulator for years and years and years. and the president has a regular opportunity to label them as a currency manipulator but refuses to do so. on day one, i will label china a currency manipulator, which will allow me as presi
it's not by trickle-down government saying we're going to take more money from people and hire more government worker, raise more taxes, put in place more regulations, trickle-down government has never worked here, has never worked anywhere. i want to make america the most attractive place in the world for entrepreneurs. for small business. for big business. to invest and grow in america. now, we're going to have to make sure that as we trade with other nations, that they play by the rules, and...
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Jun 19, 2012
06/12
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CNBC
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government or banks? >> do you think the spanish problem is going to impact the u.s. banks, are you worried about the exposure that the u.s. banks that? >> no, it's primarily limited to the banks in the core countries, germany, netherlands, and france. the issue is sentiment again and expectations. if people expect that the ecb will step in and nothing is forth coming, that will be a disappointment just as you were discussing the qe disappointment for tomorrow. >> once again money moving intotology. you had bids in financial services, what were the star performers today. >> we saw that, financial services, and put outs and earnings, they weren't necessarily great. they had to increase reserves, but still lifting that tide with the rest of the financial markets. for the housing starts and the housing permits, one was good and one was not. they had a very strong june. a number of the home builders continue to build today and in addition to some of those names that are home construction related whether it be the actually construction, the lumber, or named like whirlpool
government or banks? >> do you think the spanish problem is going to impact the u.s. banks, are you worried about the exposure that the u.s. banks that? >> no, it's primarily limited to the banks in the core countries, germany, netherlands, and france. the issue is sentiment again and expectations. if people expect that the ecb will step in and nothing is forth coming, that will be a disappointment just as you were discussing the qe disappointment for tomorrow. >> once again...
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Sep 26, 2012
09/12
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government is failing us as a whole. it's the institution of government. and i mentioned self-inflicted political uncertainty. let me make a quick point. we've had three major political uncertainties not additives, but, in fact, multiplying each other and a fourth looming. the debt ceiling debate last year sent us in to a spiral. the discussion out of europe and the lack of a solution on the sovereign debt issue amplified the spiral. the chinese handover, which is not going well is causing an economic slowdown, almost freefall over there. those three things are amplifying economic events, causing business to not invest. and therefore in the united states, this looming fiscal cliff is the fourth data point that's a multiplier. you put all that together, that is a failure of politics. in essence, you know, whichever president it is and whichever congress it is, they're not working out solutions. >> that's where i was going to go. because, you know, whichever president matters a whole lot. i just want to ask your personal view. i've known you a long time. mr.
government is failing us as a whole. it's the institution of government. and i mentioned self-inflicted political uncertainty. let me make a quick point. we've had three major political uncertainties not additives, but, in fact, multiplying each other and a fourth looming. the debt ceiling debate last year sent us in to a spiral. the discussion out of europe and the lack of a solution on the sovereign debt issue amplified the spiral. the chinese handover, which is not going well is causing an...
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Sep 26, 2012
09/12
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government. one day after the u.s. said it had complied with the wto requirement, eu officials rejected the claim and said they would appeal again to the trade organization. this marks the latest chapter in an ongoing battle with the u.s. also pursuing the eu over air bus subsidies. >>> in japan, they have chosen a nationalist talk to lead it into upcoming elections. if former prime minister won the leadership in a second round lineup. he had been the most vocal candidate in calling for a harder start against beijing in ongoing territorial disputes. he's also pushed bank of japan to take more action on the economy. >>> continued anti-japanese tension in china is forcing japan's top auto makers to put the brakes on production. here is the story live from tokyo. >> reporter: the decision comes as growing anti-japan sentiments slow sales of japanese cars in the mainland. toyota's original plan was to shut down its main plant for national holidays starting sunday, but the auto maker has decided to sloez the plant four days
government. one day after the u.s. said it had complied with the wto requirement, eu officials rejected the claim and said they would appeal again to the trade organization. this marks the latest chapter in an ongoing battle with the u.s. also pursuing the eu over air bus subsidies. >>> in japan, they have chosen a nationalist talk to lead it into upcoming elections. if former prime minister won the leadership in a second round lineup. he had been the most vocal candidate in calling...
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Nov 30, 2012
11/12
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CNBC
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what's the government reaction now? >> yes, gdp figures are disappoint and that's what the government has admitted. but the government is working on a concrete plan to get growth back on track. gdp numbers have come in at 5.3% versus the 5.5% in the last quarter and primarily this is because of the slowdown in manufacturing growth which led to a slowdown in industrial growth. the government is focusing onseting up a national investment board and the government hopes with the infrastructure project back on track, growth should be higher than the estimated 5.5%. and also that this will enable central bank to ease monetary policy in order to make funds available for corporates for higher investment. target at 5.3% is also being worked on and likely to be met which is again something which will help the rbi to ease. back to you. >> tv 18 in new delhi. for more now, we're joined by chief economist for india and asean at hsbc. we heard talking about wherein from a structure spending, plans by the government are the next step.
what's the government reaction now? >> yes, gdp figures are disappoint and that's what the government has admitted. but the government is working on a concrete plan to get growth back on track. gdp numbers have come in at 5.3% versus the 5.5% in the last quarter and primarily this is because of the slowdown in manufacturing growth which led to a slowdown in industrial growth. the government is focusing onseting up a national investment board and the government hopes with the...
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168
Mar 16, 2012
03/12
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CNBC
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now, i think we have a government debt problem. i think we have a huge one, and that's one of those unsolved problems. >> that debt is our debt. we have to pay that back. it's a future tax on production with interest. >> we have deleveraged -- >> on the margin, larry. not on the government side. >> i understand. but corporations have delevered. households have delevered. what's your biggest objection to my bull market scenario? and again, i'm not saying this is a fabulous prosperity. i'm just saying things are getting better. and i do think the banks stress test. >> they didn't figure in the most pernicious variable which is rising interest rates. all we've proven is that the economy can subsist when interest rates are at 0% and the government is borrowing per annum and most of which is printed. when that ends -- larry-- larry, when that ends -- >> that's a long-term problem. and i agree with you. i don't see, though, what's going to trip up the economy in the shorter run? and let me say this. >> other than the election and the hug
now, i think we have a government debt problem. i think we have a huge one, and that's one of those unsolved problems. >> that debt is our debt. we have to pay that back. it's a future tax on production with interest. >> we have deleveraged -- >> on the margin, larry. not on the government side. >> i understand. but corporations have delevered. households have delevered. what's your biggest objection to my bull market scenario? and again, i'm not saying this is a...
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Jun 28, 2012
06/12
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this was really unexpected saying the government may impose tax penalties on people that do not have health insurance. today the candidates weighed in. >> the highest court in the land is now struggling. we will continue to sbreimpleme this law, and we will work to improve on it when we can. but what country can't afford to do is refight the battles of ten years ago or go back to the way things were. >> i disagree with the supreme courts decision and with the dissent. what court did not do on it's last day in session,ly do on my first day if elected president of the united states. and that is, i will act to repeal obamacare. >> we are watching that, plus the decline in bank stocks after the "new york times" said the jpmorgan trading loss may reach as much as $9 billion. but kate kelly reported it would more likely be in the $4 billion to $6 billion range. we have john with us, sheryl joins us as well, maria. >> and also with us is christ of u.s. trust, he joins me here, the chief investment officer, and dan genter. john, on health care, this was a legal victory for democrats in the w
this was really unexpected saying the government may impose tax penalties on people that do not have health insurance. today the candidates weighed in. >> the highest court in the land is now struggling. we will continue to sbreimpleme this law, and we will work to improve on it when we can. but what country can't afford to do is refight the battles of ten years ago or go back to the way things were. >> i disagree with the supreme courts decision and with the dissent. what court did...
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Jul 9, 2012
07/12
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but -- is the government involved? >> well, i'm here to tell you that across our case load, we are seeing a variety of countries engage in what we call state sponsored espionage. their foreign intelligence service is behind it. it is dangerous to see just what country because what we are seeing in the fbi's case load is that even sometimes our allies, when it is in their economic interest, we will engage in economic espionage. it is cheaper these days to steal u.s. technology than it is for a country to research and develop it themselves. >> it has been cheaper to steal it and to develop it. this makes it's easier. david, what in your report was the scariest and most unusual and most bizarre thing that you encountered? >> you know, we -- very few people want to speak publicly about this. many people at organizations at companies that have been hacked and breached and significant data has been sold, don't want go on camera. i did get one, security professional, of a very well known telecommunications company and who wen
but -- is the government involved? >> well, i'm here to tell you that across our case load, we are seeing a variety of countries engage in what we call state sponsored espionage. their foreign intelligence service is behind it. it is dangerous to see just what country because what we are seeing in the fbi's case load is that even sometimes our allies, when it is in their economic interest, we will engage in economic espionage. it is cheaper these days to steal u.s. technology than it is...
168
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Oct 12, 2012
10/12
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that follows on, not an al qaeda sponsored government that follows on. all this loose talk of my friend, governor romney, and the congressman about how we're g g going to do -- we could do so much more in there, what more would they do other than put american boots on the ground? the last thing america needs is to get in another ground war in the middle east, requiring tens of thousands if not well over 100,000 american forces. they are the facts. they are the facts. now, every time the governor is asked about this, he doesn't say any -- ah -- he goes up with a whole lot of verbiage. when he gets pressed, he says, no, he would not do anything different than we are doing now. are they proposing putting american troops on the ground zblchbts putting american craft in the airspace? if that's what they're proposing. if they do, they should speak up and say so. that's not what they're saying. we are doing it exactly like we need to do to identify those forces who in fact will provide for a stable government and not cause a regional sunni-shia war wh when assa
that follows on, not an al qaeda sponsored government that follows on. all this loose talk of my friend, governor romney, and the congressman about how we're g g going to do -- we could do so much more in there, what more would they do other than put american boots on the ground? the last thing america needs is to get in another ground war in the middle east, requiring tens of thousands if not well over 100,000 american forces. they are the facts. they are the facts. now, every time the...
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Sep 27, 2012
09/12
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government waste gone wild. the shocking story that has all of us here shaking our heads today. >> indeed. and how the lands down under just got a whole lot richer. why am i not there? "street signs" is back after this quick break. >>> here's today's "return on retirement." middle-class americans are dealing with some serious woes. their net worth has fallen, wiping out two decades of growth. in a recent survey, 85% of middle class adults said it is harder to maintain their lifestyle today than a decade ago. so how do they feel about retirement? the results when we return. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we beli
government waste gone wild. the shocking story that has all of us here shaking our heads today. >> indeed. and how the lands down under just got a whole lot richer. why am i not there? "street signs" is back after this quick break. >>> here's today's "return on retirement." middle-class americans are dealing with some serious woes. their net worth has fallen, wiping out two decades of growth. in a recent survey, 85% of middle class adults said it is harder to...
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Sep 25, 2012
09/12
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CNBC
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>> i this i there's no question that this is a mandate on whether you think government needs more tax dollars right now or we need to address the situation of the spending and n inc incurrence of more debt. we need to find a way to come together and have to act like folks do and their families and businesses and say normal reasonable people can disagree but let's find ways to work together and set aside those disagreements. >> if the president is reelected, how do you work with him and what is the proposal that's put on the table to try and move forward at some point? >> again in the hypothetical, if the president is reelected, i do think that he said he's not signing a bill that will keep taxes and the rates where they are. now we'll have to see what kind of sort of growth in revenue that he is talking about, and what form that's going to take. i think mitt romney has said all along, too, that in tax reform, we want to wring down rates for everybody, but he's also said he wants to close the loopholes. >> he said he'll work with congress to figure out what that is. >> that's been the
>> i this i there's no question that this is a mandate on whether you think government needs more tax dollars right now or we need to address the situation of the spending and n inc incurrence of more debt. we need to find a way to come together and have to act like folks do and their families and businesses and say normal reasonable people can disagree but let's find ways to work together and set aside those disagreements. >> if the president is reelected, how do you work with him...
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Oct 21, 2012
10/12
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the monetary policy by the central banks will not replace fiscal policies decided by government and vice-versa. >> terms of france, what do you make of the latest policy there in terms of tax rates, up to 75% of the highest earners, is this appropriate? >> i'm going to disappoint you because i'm not going to take up questions on france for obvious reasons. >> because it's your country? >> correct. >> it does seem aggressive from a policy standpoint. do you think we could see that kind of tax rates in other countries? this is a real debate. i understand you don't want to criticize or comment on something going on in france, but you have to be thinking about this. >> well, what we say is that deficit reductions come two ways, reduce the public spending or increase the revenue, meaning you increase the tax. our sense and our studies actually show that by reducing public spending, you generally reduce deficit in a more efficient way. >> these are the issues we're dealing with in the united states every day. what's your take on the fiscal cliff in the u.s.? you have been very vocal in terms of warn
the monetary policy by the central banks will not replace fiscal policies decided by government and vice-versa. >> terms of france, what do you make of the latest policy there in terms of tax rates, up to 75% of the highest earners, is this appropriate? >> i'm going to disappoint you because i'm not going to take up questions on france for obvious reasons. >> because it's your country? >> correct. >> it does seem aggressive from a policy standpoint. do you think we...
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45
Jul 6, 2012
07/12
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eye 45
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>> first of all, it isn't government. let's be more specific. those lines are local and state hiring. and we had a tech revolution in the '90s and not surprising the states spent like drunken sailors and hung over and didn't put anything in for a rainy day. take point two. i don't really care what states do. doesn't come out of the federal tax pocket. now, when it comes to private sector, you know, george bush was welcomed with a tech wreck. handed to him by the clinton administration. and he was also welcomed with a horrible event called 9/11. i didn't hear him blame the predecessor or blame the terrorist attacks but that probably explains the private sector and recoiling from the tech wreck. who's president today? barack obama. i can't even believe we waste time with these charts. not you, mandy. but in general, economists pulling the charts out. right now, rome is burning. we need jobs. >> yeah. >> and to think that economists want to pull out the comparisons, i don't care who killed the economy. i just would like somebody to resuscitate it.
>> first of all, it isn't government. let's be more specific. those lines are local and state hiring. and we had a tech revolution in the '90s and not surprising the states spent like drunken sailors and hung over and didn't put anything in for a rainy day. take point two. i don't really care what states do. doesn't come out of the federal tax pocket. now, when it comes to private sector, you know, george bush was welcomed with a tech wreck. handed to him by the clinton administration....
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Sep 26, 2012
09/12
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long dated government bonds are being bought big time. the ten-year yield has now fallen eight straight sessions. last time that happened was in january of 2008. it smells a bit of fear. here's what's going on. stocks are telling a different story. stocks and bonds generally go in different directions. but the blue line is the s&p 500. we have been up, down, up again. the light green -- yellow, seahawks green, whatever you want to call it -- is the price of the ten-year fretreasury not. at the start of the year the two were going in opposite directions as we usually see. we had flare-ups. they started to converge, come back. we did what we normally do, diverged again. look at the far right, they are coming back together. people get scared, sell stocks and buy bonds. is that what's going on here? let's get rick santelli's take on it. rick? >> i think you nailed it. i think there is a bit of a water balloon metaphor or analogy to this as well. the federal reserve has a giant water balloon and they are trying to manage it. that represents al
long dated government bonds are being bought big time. the ten-year yield has now fallen eight straight sessions. last time that happened was in january of 2008. it smells a bit of fear. here's what's going on. stocks are telling a different story. stocks and bonds generally go in different directions. but the blue line is the s&p 500. we have been up, down, up again. the light green -- yellow, seahawks green, whatever you want to call it -- is the price of the ten-year fretreasury not. at...
185
185
Feb 16, 2012
02/12
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CNBC
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eye 185
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there arbitrage different treasuries in fanny and government-sponsored paper and mass limited partnerships and energy paper, high-yielding paper company that's been on a tear. we have an industrial and a financial and a master limited partnership and we have a paper you. -- company and again, i'll tell you. -- ♪ hallelujah >> that's about as good as it comes. stick with cramer. ♪ ♪ [ male announcer ] offering four distinct driving modes and lexus' dynamic handling, the next generation of lexus will not be contained. the all-new 2013 lexus gs. there's no going back. ♪ but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ deep breath ] awesome. [ male announcer ] yes, it is. that's the cold truth! my dad and grandfather spent their whole careers here. [ charlie ] we're the heartbeat of this place, the people on the line. we take pride in what we do. when that refrigerator ships out the door, it's us that work out here. [ michael ] we're on t
there arbitrage different treasuries in fanny and government-sponsored paper and mass limited partnerships and energy paper, high-yielding paper company that's been on a tear. we have an industrial and a financial and a master limited partnership and we have a paper you. -- company and again, i'll tell you. -- ♪ hallelujah >> that's about as good as it comes. stick with cramer. ♪ ♪ [ male announcer ] offering four distinct driving modes and lexus' dynamic handling, the next...
171
171
Feb 15, 2012
02/12
by
CNBC
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eye 171
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there they arbitrage different treasuries in fanny and government-sponsored paper and mass limited partnerships and energy paper, high-yielding paper company that's been on a tear. we have an industrial and a financial and a master limited partnership and we have a paper company and again, i'll tell you -- ♪ hallelujah >> that's about as good as it comes. stick with cramer. [ male announcer ] technology accelerates at a relentless pace. anything not moving forward... is moving backward. [ tires screech ] [ engine turns over, tires squeal ] introducing the 2013 gs, with the lexus enform app suite -- the most connected information and communication technology available in an automobile. [ engine revs ] the all-new 2013 lexus gs. there's no going back. see your lexus dealer. there's no going back. whee! whee! wheeeeeeeee! ah heads up. wheeeeeeeeeeee! everything you love about geico, now mobile. download the new geico app today. [ tom ] we invented the turbine business right here in schenectady. without the stuff that we make here, you wouldn't be able to walk in your house and flip on your light
there they arbitrage different treasuries in fanny and government-sponsored paper and mass limited partnerships and energy paper, high-yielding paper company that's been on a tear. we have an industrial and a financial and a master limited partnership and we have a paper company and again, i'll tell you -- ♪ hallelujah >> that's about as good as it comes. stick with cramer. [ male announcer ] technology accelerates at a relentless pace. anything not moving forward... is moving backward....
573
573
Mar 27, 2012
03/12
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eye 573
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civil servants, teachers, and health workers will march to show their objections to government cuts. we'll get a clear picture of how much they grew. both france and the uk will report their latest numbers tomorrow. tune in to contract cnbc world" to catch all the action at cnb cress headquarters. i'm carolin schober, going global with your money. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. i'm giving you the silent treatment. so you're calling to tell me you're giving me the silent treatment? ummm, yeah. jen, this is like the eighth time you've called... no, it's fine, my family has free unlimited mobile-to-any-mobile minutes -- i can call all i want. i don't think you understand how the silent treatment works. hello? [ male announcer ] buy unlimited messaging and get
civil servants, teachers, and health workers will march to show their objections to government cuts. we'll get a clear picture of how much they grew. both france and the uk will report their latest numbers tomorrow. tune in to contract cnbc world" to catch all the action at cnb cress headquarters. i'm carolin schober, going global with your money. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose...
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240
Nov 9, 2012
11/12
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it would raise revenue that the government needs. that's something that's very difficult to sell to the majority of the house of representatives right now, especially a majority controls by republicans. what i'm saying is if they want the top rate, that is the people at the top income wise, if we get revenue from those people, what about that? i'm saying that ee says -- the white house could consider the basis for moving forward. don't know if he's going to agree to that. again, he's been talking for a couple of years how he was going to preclude the top rate from being extended beyond 2012. the interest isn't revenue. it's something that was not realistic to happen. but that became realistic, i don't think ud would be thal. >> last question, john. you talked about the potentially heavy tone with the speaker. that is a card that is still in his pocket. >>y, its's in his pocket and its in the pocket of his mem bys world would be to go and have it. the leadership knows that. think the leadership knows that they would go into a discussi
it would raise revenue that the government needs. that's something that's very difficult to sell to the majority of the house of representatives right now, especially a majority controls by republicans. what i'm saying is if they want the top rate, that is the people at the top income wise, if we get revenue from those people, what about that? i'm saying that ee says -- the white house could consider the basis for moving forward. don't know if he's going to agree to that. again, he's been...
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233
Oct 1, 2012
10/12
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the january p sneeze government does not want this to grow out of control, nor does the chinese government. tension certainly is rising and the man on the street is feeling passion about this issue. that's understandable. in the medium to long term, both governments want this to tone down and it will. >> let's hope that pans out. meanwhile all this cash that companies have, you were just talking about this, do you expect cap ex to continue to pick about up? >> i do. there's an awful lot of money sitting on the seed lines us a was noted back in an article back in july/august. almost 44% of the total value is held at cash in company coffers. this money needs to get spent. needs to get spent expenditures, hiring new staff. sitting in the bank is not helping anybody. >> who is spending shall steel makers, equipment makers more gloom about business conditions, sentiment deteriorating sharply. they expect domestic demand to falter, as well. in that mood, they won't be spending anymore money, are they? >> well, again, as the survey had indicated, some of the larger manufacturers are amongst the m
the january p sneeze government does not want this to grow out of control, nor does the chinese government. tension certainly is rising and the man on the street is feeling passion about this issue. that's understandable. in the medium to long term, both governments want this to tone down and it will. >> let's hope that pans out. meanwhile all this cash that companies have, you were just talking about this, do you expect cap ex to continue to pick about up? >> i do. there's an awful...
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90
Aug 7, 2012
08/12
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government specifically. china received a waiver on the sanctions because there was substantial reduction of iranian oil. the chinese reduced their purchase. we'll have to see in the next few months if that will be the case. the chinese are also feeling the heat. not as if they haven't done anything on sanctions. >> nice to see you again. i'm sure this story will continue and we will continue to talk with you. >> thanks. >>> to olympics now and the battleground district in a key battleground state, the ohio district just redistributed, pitting two incumbent members of congress against each other. how do they feel about congress in ohio's 16th, john harwood is there live. >> reporter: hi. don't be fooled by this serene summer backdrop behind me. voters in ohio are not happy not with the presidential candidates, obama and romney fiercely contesting the state or with congress they see not getting the job done. >> i just don't think they can compromise. they can't work together. they've got all the lobbyists in t
government specifically. china received a waiver on the sanctions because there was substantial reduction of iranian oil. the chinese reduced their purchase. we'll have to see in the next few months if that will be the case. the chinese are also feeling the heat. not as if they haven't done anything on sanctions. >> nice to see you again. i'm sure this story will continue and we will continue to talk with you. >> thanks. >>> to olympics now and the battleground district in...
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May 30, 2012
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and many americans are up in arms publicly about the growing size of government. so why is former council of economic advisors chair, laura tyson, saying americans secretly love big government, they just don't know it? she'll tell us what that means from post 9 here at the new york stock exchange. >> that last topic will start some controversies. it's disaster du jour time. an old di but a goody. herb, what's up? >> what's not up is first solar continues to decline. the one analyst who's been really the most correct on it is gordon johnson of axium reiterating a sell on the stock. one to continue watching i should point out by the way bank of america came out reiterated a buy with a $30 price target or something. >> that's what i call a controversy. thank you, herb. it's hard to find a ray of light in today's sea of red. monsanto up about 10% for the year. >>> foreclosure factor seems to be waning a bit. the stigma atoched to buying a foreclosed home is going away. foreclosures jumped 159% since october of 2009. with that in mind, where are the best places to buy
and many americans are up in arms publicly about the growing size of government. so why is former council of economic advisors chair, laura tyson, saying americans secretly love big government, they just don't know it? she'll tell us what that means from post 9 here at the new york stock exchange. >> that last topic will start some controversies. it's disaster du jour time. an old di but a goody. herb, what's up? >> what's not up is first solar continues to decline. the one analyst...
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Oct 22, 2012
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. >> a reuters story suggested the seanook-nexen deal may be in jeopardy because the canadian government dropped a recent $5 billion offer for canada's progress energy. they have a law that says any deal that's done with a canadian company with a foreign buyer it has to be a net gain for canada. >>> goldman sachs is failing on the "b" and the "i" on the term brics it did in fact coin a couple years ago. >> these funds haven't even been around long. >> they only launched them last year. they launched four of them along with a china fund. they're keeping the china fund but they are shuttering the south korean, indian and also brazilian mutual funds. problem is since they launched them they've only been able to garner less than $10 million, or around $10 million. >> that's million with an "m," not "b." >> for goldman, that's an epic fail. no, maybe it is the tipping point for etfs. >>> investors are waiting for the big announcement from apple tomorrow regarding the ipad mini. you will be there. more and more kids like ours are using tablets like the ipad. what's that mean for the poor old t
. >> a reuters story suggested the seanook-nexen deal may be in jeopardy because the canadian government dropped a recent $5 billion offer for canada's progress energy. they have a law that says any deal that's done with a canadian company with a foreign buyer it has to be a net gain for canada. >>> goldman sachs is failing on the "b" and the "i" on the term brics it did in fact coin a couple years ago. >> these funds haven't even been around long....
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Aug 9, 2012
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government. as a result, you are providing indirectly a fairly meaningful subsidy to those institutions. >> when does that come home to roost, because they take risks they shouldn't be taking? >> well, it may never come home to roost, so i think that's the debate that we need to have. what's the benefit that we get from these mega sized banks versus the cost that's implicit. >> the line of logic here -- >> barry knapp is here. >> the line of logic you're going down would imply that the first order of business is not the big banks, it's fannie and freddie, because that was the ultimate subsidy. that's, and a lot of people would argue there's 30 trillion in assets across european banks, 10 trillion in u.s. banks, a big chunk of the differential is the agency mortgage-backed securities market, right? five, six, seven, $8 trillion, depending on how you think about it, that's subsidized by the government in this country, not in europe. you've got to eliminate that subsidy and start to work through tha
government. as a result, you are providing indirectly a fairly meaningful subsidy to those institutions. >> when does that come home to roost, because they take risks they shouldn't be taking? >> well, it may never come home to roost, so i think that's the debate that we need to have. what's the benefit that we get from these mega sized banks versus the cost that's implicit. >> the line of logic here -- >> barry knapp is here. >> the line of logic you're going down...
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Jul 20, 2012
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the government itself. the bad news is one of the semi autonomous regions, valencia, has said, we need help ourself. it's unusual to have a regional government asking for aid. we need another bailout? is spain going to have bail out number two? and also the banks are all very weak today. some intimations the spanish government may close some of the smaller insolvent banks. there's also talks that holders of bank debt may have to take losses as well. >> protests against austerity overnight in spain. it's greece all over again. >> it's affecting us, too, we're at a two-year low in the euro. that means a stronger dollar. puts pressure on commodities and commodity stocks. all the banks are down. these banks are basically penny stocks. >> thank you very much, bob. see you in the next half hour. let's go to the markets desk where jackie deangelis is there with the latest. >> we are taking a look at shares of onyx pharmaceutical. it's up more than 10% right now, this is after the fda approved its blood cancer drug
the government itself. the bad news is one of the semi autonomous regions, valencia, has said, we need help ourself. it's unusual to have a regional government asking for aid. we need another bailout? is spain going to have bail out number two? and also the banks are all very weak today. some intimations the spanish government may close some of the smaller insolvent banks. there's also talks that holders of bank debt may have to take losses as well. >> protests against austerity overnight...
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Jan 30, 2012
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high yield bonds, international government bond allocations particularly in the emerging markets. commodities. and even some secured options portfolio. >> i'm glad you mentioned emerging markets and i'm glad to brian's point about where geographically you would go for equities. just at the past week the egyptian stock exchange was up about 15%, also argentina, russia, hungary also soaring. do you think this might be the year for the comeback for emerging markets after a really bad 2011? >> we had a bit of a comeback year for emerging markets in 2010, i think 2012 might be some of the same. >> but which ones? >> mainly in the asian markets. reality is that that growth story on back of a rise of 10% to 20% in consumer incomes is very, very strong. the balance sheets of the governments are extremely strong to be able to avoid or offset any sort of downside that comes even from a marginal move to the downside in the housing environment there. we think that is the long-term story. and as long as the european story does not devolve into an abyss, i think that is something that will cont
high yield bonds, international government bond allocations particularly in the emerging markets. commodities. and even some secured options portfolio. >> i'm glad you mentioned emerging markets and i'm glad to brian's point about where geographically you would go for equities. just at the past week the egyptian stock exchange was up about 15%, also argentina, russia, hungary also soaring. do you think this might be the year for the comeback for emerging markets after a really bad 2011?...
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Nov 7, 2012
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big government? coal? >> i think people are saying that romney wins virginia but maybe he doesn't get florida. that he -- there is some surprise states and battleground states. it just doesn't feel like -- someone must think that ohio is solid obama. because you wouldn't be selling these futures down so hard unless you felt that was the way to bet. >> you are expecting a down market tomorrow if this stays the way it is? >> you know, i think i got to go back to where carl said. i think the idea that this election is over and there are not hanging chads, we don't know. i do think that a level of certainty of having this thing past us is a reason to buy not a reason to sell. >> and let you focus on other things. >> earnings? >> corporate earnings from the catalogs. >> i always feel bad for the ceos who announced a terrible storm and loss of life, you can't think about earnings. you have this and you can't think about earnings. we will in about 48 hours be thinking about earnings. >> we will take a short break
big government? coal? >> i think people are saying that romney wins virginia but maybe he doesn't get florida. that he -- there is some surprise states and battleground states. it just doesn't feel like -- someone must think that ohio is solid obama. because you wouldn't be selling these futures down so hard unless you felt that was the way to bet. >> you are expecting a down market tomorrow if this stays the way it is? >> you know, i think i got to go back to where carl said....
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May 14, 2012
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now to advance, we have too many people, too 78 mbas, too much leverage and too many government that dent like us. >> right. >> this is an good place to be. >> which is why you are telling me to become a farmer. >> yes. just learn to drive a tractor if nothing else. drive the tractor for the farmer. >> i told you i killed the tulips in my yard. >>> facebook going public on friday. still a good gain on the nasdaq. there are money to be made here in equities but you don't like it. >> i don't own american equities. i a have mainly short stocks around the world. because i don't expect the world economy to be very good in the next couple of years. in fact, 2013 is probably going to be a huge mess. 2014 will be a real mess. >> why? so you don't like equities because of the fundamental backdrop here? >> maria, in america we have had recession every year to six years since the middle of the republican re public. next year is four to six years. they will keep everything to win the election this year. 2013 will be a mess. it always has been. no reason it won't be this time too. be very careful
now to advance, we have too many people, too 78 mbas, too much leverage and too many government that dent like us. >> right. >> this is an good place to be. >> which is why you are telling me to become a farmer. >> yes. just learn to drive a tractor if nothing else. drive the tractor for the farmer. >> i told you i killed the tulips in my yard. >>> facebook going public on friday. still a good gain on the nasdaq. there are money to be made here in equities...
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Jul 16, 2012
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in third and fourth quarters of 2008 aig had to take a cash injection from the government to save it from going under. hopefully, scott, leave it to you to discuss, we won't see anything quite that drastic this year. >> thanks so much. jackie d, thanks so much. if you spin forward and look at the companies that are going to report, so many left on the radar in front of us, who would most concern you, or what are the names of the companies that would stand out most that we should be watching when you factor in currency issues, global growth concerns, europe, et cetera. >> i talked a little at the beginning of the show, technology, herb greenberg, ibm. they are reporting on wednesday. they could be in a little trouble. they barely got through earnings in the last season. a lot of accounting going on over there. i think they are going to have a tough time to hit earnings on wednesday. watch for ibm, anything as disastrous as aig and supervalu but nonetheless challenging. >> better not see that. stef, coca-cola, currency issues there. a lot of companies yet to report. big ones, too. >> i
in third and fourth quarters of 2008 aig had to take a cash injection from the government to save it from going under. hopefully, scott, leave it to you to discuss, we won't see anything quite that drastic this year. >> thanks so much. jackie d, thanks so much. if you spin forward and look at the companies that are going to report, so many left on the radar in front of us, who would most concern you, or what are the names of the companies that would stand out most that we should be...
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Aug 21, 2012
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government would tap the petroleum reserve? >> my numbers are similar to walter's and that's my hopeful analysis, that the price would come down. we have a strategic release. if they close that for a little while, we're going to buy on that headline and sort it out later. to the extent it remains closed, we're talking about most of the saady oil, kuwait's oil, you can't make it up. there's no way to make up those barrels. >> walter, you think both sides could be in a stalemate, right? >> yeah, in that scenario. we see oil prices being dragged down by the stock market. we think there is a compelling price that the stock market may have put in the highs for the year hear today. without that iranian crisis escalating, we think the pressure will come from the stock market to the downside on oil prices. so it's not as if it stays stable or it spikes higher. either its higher on escalation or it gets dragged down by what we want to be a contracting global economy. >> it's pretty elevated right now, john, what kind of action could we
government would tap the petroleum reserve? >> my numbers are similar to walter's and that's my hopeful analysis, that the price would come down. we have a strategic release. if they close that for a little while, we're going to buy on that headline and sort it out later. to the extent it remains closed, we're talking about most of the saady oil, kuwait's oil, you can't make it up. there's no way to make up those barrels. >> walter, you think both sides could be in a stalemate,...
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Oct 11, 2012
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if there's a resurgence of the chinese economy prompted by the chinese government, i think dry bulk shipping will come back. those stocks have been beating down to dirt-cheap levels. just recently a lot of reits, especially the mortgage agency reits have been trading below book value on concerns that dividends will be lower. i think if you pick up some of those below 95% of book value, those are cheap as well. >> if you can get them at that price. it is always about the price. neil, blankfein is a buyer of this market. should moms and dads, retail investors, be buyers of this market? i know that we've had a few down days. i know that we're off the multi-year highs but we're not far off. do you think that at these levels mom and dad should be in participateing? >> absolutely. where the money's going over a trillion dollars has going into fixed income products or bond funds in the last year-and-a-half, $3.5 billion has come out of mutual funds, equity funds. you're getting no return in the fixed income market. that's going to be really tragic is if rates do ratchet up, the individual investor
if there's a resurgence of the chinese economy prompted by the chinese government, i think dry bulk shipping will come back. those stocks have been beating down to dirt-cheap levels. just recently a lot of reits, especially the mortgage agency reits have been trading below book value on concerns that dividends will be lower. i think if you pick up some of those below 95% of book value, those are cheap as well. >> if you can get them at that price. it is always about the price. neil,...
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Apr 26, 2012
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we see an increased likelihood that spain's government will need to provide further fiscal support. the question i would have is where do they get the support? do they have the money or do they need to go back to the ecb, the troika and they are cutting the outlook and credit rating by two notches. they call significant risks to the spanish economic growth and budgetary performance and that those will have an effect on the credit worthiness of spain's sovereigns. two-notch cut for spain. >> brian, thanks a lot. can you see the reaction. there is some reaction on the trade on the euro, though slightly, keith. >> the euro has upside momentum because ben bernanke is torching the u.s. dollar so there's a relative trade going on. separate that from what brian just talked about. not inconsequential that spain is crashing. by the way, it was down 22% as of two days ago, as an immediate turnover trade sold. that's the february 9th level basically, so you don't want to be a professional knife catcher on that. at the same time, germany has said explicitly spain and italy too big to save. now,
we see an increased likelihood that spain's government will need to provide further fiscal support. the question i would have is where do they get the support? do they have the money or do they need to go back to the ecb, the troika and they are cutting the outlook and credit rating by two notches. they call significant risks to the spanish economic growth and budgetary performance and that those will have an effect on the credit worthiness of spain's sovereigns. two-notch cut for spain....
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Sep 26, 2012
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. >> that was incentive by the government. the government wanted to increase the home ownership in the united states. so much of the financial crisis written is not true. i had the opportunity, i was ceo of bb & t for 20 years, larry and i were just talking about, we met years ago, i knew bernanke, knew greenspan, all the ceos of large financial institutions and this is, i believe, the first book that actually tells people what really happened in the total context. going back to the early '70s, working through what happened with community reinvestment act, freddie and fannie. the impact on decision makers, a lot of books written by congress that don't really understand what the impact of regulations have on people trying to make decisions. if somebody threatens to put you in jail, closes your bank down, you're going to do things that you may have a lot of discomfort with. and this is something joe would be interested in. i talk a lot about philosophy. bb & t did better than any other institution. all of our management, and ano
. >> that was incentive by the government. the government wanted to increase the home ownership in the united states. so much of the financial crisis written is not true. i had the opportunity, i was ceo of bb & t for 20 years, larry and i were just talking about, we met years ago, i knew bernanke, knew greenspan, all the ceos of large financial institutions and this is, i believe, the first book that actually tells people what really happened in the total context. going back to the...
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Mar 16, 2012
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every company in that system is at the whim of the chinese government. >> what would happen to our economy if we said, we're not doing any business in china, in terms of the gdp, in terms of the -- >> first of all, i would much rather see productive american investment in things like manufacturing stay here, absolutely. i mean, what this economy needs most of all is more productive activity. more productive output. more manufacturing. we need it here, not there. frankly, i would be happy with that. there's certainly no shortage of capital in the american economy. we all know american-owned corporations are sitting on $2 trillion worth of cash. so it's not that we're short on financing. >> but we need jobs. >> the chinese company is ready right now to start, build a factory, and create jobs, produce a product, sell them here or sell them someplace else. let them start. >> intelligent policy making is out of desperation. >> great debate. thank you very much for that. i have to cut in there because the show's going to end very shortly. but not before we tell you what the pope has in common wi
every company in that system is at the whim of the chinese government. >> what would happen to our economy if we said, we're not doing any business in china, in terms of the gdp, in terms of the -- >> first of all, i would much rather see productive american investment in things like manufacturing stay here, absolutely. i mean, what this economy needs most of all is more productive activity. more productive output. more manufacturing. we need it here, not there. frankly, i would be...
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May 8, 2012
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he's been given the option to try to form a government. actually -- >> it's not happening, though, is it? >> no one believes he's going to be able to do it, but certainly he's gotten a lot more power. the reason we interviewed him way back when when he had so little power is he really us as a potential up-and-comer because he had so much personal charisma and draw. >> charisma can carry you a long, long way. there we've seen that a lot. >> michele, thank you so much. sue? >> now to the housing mess and a widespread but controversial new move by bank of america. the bank is offering to lower mortgage balances for homeowners in trouble. diana olick is live in washington with the details on that one. diana? >> well, that's right, sue. the letters are arriving. 6,000 will come here to troubled borrowers in maryland. bank of america offering 200,000 customers nationwide mortgage principal reduction, about averaging $150,000 each off the loan. it's all part of the $20 billion mortgage servicing settlement. bank of america's cut of that was $11 b
he's been given the option to try to form a government. actually -- >> it's not happening, though, is it? >> no one believes he's going to be able to do it, but certainly he's gotten a lot more power. the reason we interviewed him way back when when he had so little power is he really us as a potential up-and-comer because he had so much personal charisma and draw. >> charisma can carry you a long, long way. there we've seen that a lot. >> michele, thank you so much....
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Aug 17, 2012
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the reality is it's a party whose priorities have changed and a party fixated on mandates and government's footprint is incapable of creating genuine sustained growth in this economy. >> i'm sorry. i was just reading your article in the national review. you cite some big disappointments. black unemployment. very high. the level of child hunger and black communities, very, very high. and the low education achievement. this stuff has to be fixed. do you think that mitt romney and paul ryan have a better grasp of the policy directions that will ameal rate unemployment and hunger and education? >> well, they do because they recognize that you don't solve those problems by throwing money or new programs at them. you solve them by strengthening the education and the skills base of the work force. i saw paul ryan today. out's why i'm informal. you don't wear ties to paul ryan events. i'm encouraged that he's on the scene of the next vice president of the country. he's one of the smartest guys i have met in the congress. he's also courageous. he understands we have to deal with the challenges, pro
the reality is it's a party whose priorities have changed and a party fixated on mandates and government's footprint is incapable of creating genuine sustained growth in this economy. >> i'm sorry. i was just reading your article in the national review. you cite some big disappointments. black unemployment. very high. the level of child hunger and black communities, very, very high. and the low education achievement. this stuff has to be fixed. do you think that mitt romney and paul ryan...
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Jul 5, 2012
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eventually we're going to have a government system. and we're going to be like canada and great britain. those are wonderful countries, but the one thing that people don't like about the way those countries run is their health care because there's no capability to get the extraordinary care that we have in this country. and that is why obamacare will drive us to do. >> i hate to disagree with that because i really think a lot of kay bailey hutchison. but the fact is canada has a much higher rating among its own patients than the united states health care systems. both systems have faults. but unfortunately you cannot say this is the -- america is the best health care system in the world. it's only the best health care system in the world for people who have insurance. and the people of uninsured people has gone up a lot because of the economic situation. i think the obamacare is actually from the republican point of view a very good thing, since he copied mitt romney. that's not a surprise. what this bill does is the future of american
eventually we're going to have a government system. and we're going to be like canada and great britain. those are wonderful countries, but the one thing that people don't like about the way those countries run is their health care because there's no capability to get the extraordinary care that we have in this country. and that is why obamacare will drive us to do. >> i hate to disagree with that because i really think a lot of kay bailey hutchison. but the fact is canada has a much...
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Sep 24, 2012
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and many of these government programs have that exact effect. there was a couple of points where we saw housing activity percolate up a bit in an unexpected fashion. that was because there was a bit of a jump in rates. i think that goes a long way to explain the problem, if you're always going to babysit and keep your kid from ever touching a stove because he burned himself once you're going to end up with a strange offspring and that's the offspring economy we're ending up with. >> thank you for that. >>> coming up we're going to have a debate president obama and mitt romney trading shots on "60 minutes" last night innen early preview of what it might look like, coming up next a campaign debate strategy session with experts from both parties, kellyanne conway and jimmy williams will face off when "squawk" comes back. tegies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidel
and many of these government programs have that exact effect. there was a couple of points where we saw housing activity percolate up a bit in an unexpected fashion. that was because there was a bit of a jump in rates. i think that goes a long way to explain the problem, if you're always going to babysit and keep your kid from ever touching a stove because he burned himself once you're going to end up with a strange offspring and that's the offspring economy we're ending up with. >> thank...
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Aug 7, 2012
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which cause the berlusconi government to fall. ltro 2 first quarter of this year the bank here request aid, reform bank and now dealing with the spanish bank bailout. that's how it's unfolded over the last five years. how did those view the crisis and were they right in their analysis and/or begin and potential solutions? >> banking system was on the brink of collapse and as a result of experiod die show us action by governments around the world the banking system was saved. >> we need to keep global financial industry, we need the different players to play by the same rules in different countries and different financial centers. >> while we have economic recovery it's not at all yet clear how strong it will be and how sustainable it will be. >> we should stop the bank bashing and blame game because at the end everyone who is intelligent observer of this knows that not one group has caused the crisis and not one group can stop the crisis. >> personally think there's overall too much fear compared with the situation. overall i thin
which cause the berlusconi government to fall. ltro 2 first quarter of this year the bank here request aid, reform bank and now dealing with the spanish bank bailout. that's how it's unfolded over the last five years. how did those view the crisis and were they right in their analysis and/or begin and potential solutions? >> banking system was on the brink of collapse and as a result of experiod die show us action by governments around the world the banking system was saved. >> we...
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May 2, 2012
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you do want to bring in a new chairman to pro oversight and better corporate governance. >> all of this noise is certainly overshadowing the fact that chesapeake was out with earnings which were disappointing. mcclendon says on the call today, this is a quote, "hopes the steps taken will satisfy investors." that's obviously alluding to the fact that the well participation program is going to end early. should this satisfy investors? should now be a time to take a look at these shares gin the fact that they've slid so much? >> i think there is a lot of other issues here operationally that investors have about the company. the big issue here is this company made a big bet on natural gas prices a few years ago and natural gas prices have collapsed. now they're trying to become more of an oil company and this costs money. so they've got a tremendous funding gap to fund that move to producing more oil. i think the bigger concern here now is can they get from here to there in keeping things going. >> robert, it's joe. first, i have said there is no reason to buy chesapeake stock. but you are
you do want to bring in a new chairman to pro oversight and better corporate governance. >> all of this noise is certainly overshadowing the fact that chesapeake was out with earnings which were disappointing. mcclendon says on the call today, this is a quote, "hopes the steps taken will satisfy investors." that's obviously alluding to the fact that the well participation program is going to end early. should this satisfy investors? should now be a time to take a look at these...
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Sep 5, 2012
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under pressure from the federal government, bp agreed to create a victims compensation fund. both bp and the white house wanted one man, ken feinberg, to administer it. >> i felt that if asked, i should step up and try and help as best i can. >> what is it about ken feinberg that makes him the nation's arbiter of impossible decisions? >> i think there's something that experience brings to the table in terms of getting these problems solved. good afternoon, ladies and gentlemen. >> this lawyer's experience in mediation, in placing monetary value on human suffering, is unmatched. president obama made him his pay czar, where he cut the salaries of executives of companies that received government bailouts. but it was his role as special master of the 9/11 victims compensation fund that was his greatest challenge and likely his lasting legacy. >> 9/11 was a horrific experience, because you were dealing with traumatic death, where people said good-bye to loved ones that morning and never saw them again. incinerated. no body to bury. this is different, but it's very, very emotional,
under pressure from the federal government, bp agreed to create a victims compensation fund. both bp and the white house wanted one man, ken feinberg, to administer it. >> i felt that if asked, i should step up and try and help as best i can. >> what is it about ken feinberg that makes him the nation's arbiter of impossible decisions? >> i think there's something that experience brings to the table in terms of getting these problems solved. good afternoon, ladies and...
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Jul 9, 2012
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but also creating a relationship at a government to government level. not so that it is intrusive to businessmen creating their activities but can compliment. >> how much does this process then also beg down the democratic changes that are happening in the country? how important are two things? >> well, i don't think sanctions would have been lifted unless there had been a democratic process, and as you know they were lifted in april as a result of the elections having taken place and being successfully carried out and great compliment to all sides that those happen. therefore, it gave us the opportunity to start trade relations again. >> is there a hope that, as you restart trade, it reinforces the change in the political agenda? >> well, i think that we're not trying to reinforce change. we're merely -- what we were trying to end force democracy. that process is happening. it should take its natural course if it's an orderly democracy. and people will be looking very closely as to whether it is. >> british delegation isn't the first there. if you're n
but also creating a relationship at a government to government level. not so that it is intrusive to businessmen creating their activities but can compliment. >> how much does this process then also beg down the democratic changes that are happening in the country? how important are two things? >> well, i don't think sanctions would have been lifted unless there had been a democratic process, and as you know they were lifted in april as a result of the elections having taken place...
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Jun 6, 2012
06/12
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and spain's finance minister says the government is not seeking immediate aid for banks. they are awaiting the out come of audits. optionsxpress, where you can trade your favorite products, all in one account. keep watch on the markets. or use our exclusive tools to help find ideas. it's powerful, easy-to-use technology for trading stocks, options, and futures. keep trading whether you're at home, in the office, or on the go. optionsxpress, the broker smart traders deserve. open an account today at optionsxpress.com. a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across all the right points, automating all the right actions, to bring all the right results. [ whirring and beeping ] it's the at&t network -- doing more with data to help business do more for customers. ♪ . >>> hi, everybody, welcome back. still watching "worldwide exchange" as we head to the top of the hour. european markets still holding on to gains. ibex up 3%. green screen across the board
and spain's finance minister says the government is not seeking immediate aid for banks. they are awaiting the out come of audits. optionsxpress, where you can trade your favorite products, all in one account. keep watch on the markets. or use our exclusive tools to help find ideas. it's powerful, easy-to-use technology for trading stocks, options, and futures. keep trading whether you're at home, in the office, or on the go. optionsxpress, the broker smart traders deserve. open an account...
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Mar 14, 2012
03/12
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overstated her bearishness a couple of years ago on banks and she was sort of yelling about these municipal governments collapsing and bankrupting america, didn't really happen. what's her credibility? >> it's dented her credibility even more the bank call. look, she was right with regard to directionally what was happening with banks then. but now she's saying she's more positive on it. and as you said, maybe going back into her original comfort zone is going to be something that investors pay more attention to, but with regard to that muni call, she will be defending that one until the string of defaults and she'll be defending it to her grave. >> i'm not here to insult, i respect her, but everyone's going to ask about this because her credibility has suffered some. >> well, of course. she had a big platform, there's a lot of focus on this muni default question. and to her defense, look, a default is basically what we're talking about is a lot of municipalities that can't meet their obligations. this is happening in one form or another, it's just not -- there's not a wave of defaults in the headlines
overstated her bearishness a couple of years ago on banks and she was sort of yelling about these municipal governments collapsing and bankrupting america, didn't really happen. what's her credibility? >> it's dented her credibility even more the bank call. look, she was right with regard to directionally what was happening with banks then. but now she's saying she's more positive on it. and as you said, maybe going back into her original comfort zone is going to be something that...
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Feb 22, 2012
02/12
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given the chinese government's insistence on censorship, how do you manage those sensitivities? >> it's not really sensitivities. as you see, china is embarking on allowing a lot of foreign content, u.s. hollywood content to come into play. they need distribution outlets to get that done. that's where you on demand being the first international cable and video on demand service in china, that's where we're going to distribute that content. >> shane, how do you compete with free and immediate content if your videos cost between one and three bucks and users have to wait 60 days, longer than if they get it through piracy. >> you're never going to eradicate piracy. but china's starting to curtail the pirate dvd market. that's really our competition is the pirate dvd. you have other internets -- yes? >> i was just going to -- please finish your thought. >> you have other vehicles that are starting to emerge in the chinese market such as sohu from an internet standpoint. we're a cable company. so the quality is better for your home. >> so what kind of potential for subscriptions do y
given the chinese government's insistence on censorship, how do you manage those sensitivities? >> it's not really sensitivities. as you see, china is embarking on allowing a lot of foreign content, u.s. hollywood content to come into play. they need distribution outlets to get that done. that's where you on demand being the first international cable and video on demand service in china, that's where we're going to distribute that content. >> shane, how do you compete with free and...
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Jul 16, 2012
07/12
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that's different from what the government is saying. jeff in pennsylvania. jeff. >> caller: with the announcement of the new yahoo! ceo what does it mean for the future of the company? >> it was a shocker. i thought ross levinson, the interim had the job. i don't like to opine when i don't know. mayer has a terrific background. my friend herb greenberg was here. google is a great company. you get someone high level and they do a good job. i just don't know enough. rocky in ohio, please. rocky. >> caller: hi, jim. thanks for taking my call. i appreciate everything you do for the viewers. >> thank you. >> caller: i'm noticing gold is down today. i'm big into the miners. i had a question about nova gold resources. >> right. >> caller: tiggcker ng. do you think it is a good buy? >> no. i don't want to single out nova gold. gold corp. just reported horrible numbers. owning the miners is a recipe for self-punishment. i would rather have you in gld and i believe in it particularly below 150. there i would be aggressive. ron in michigan. ron. >> caller: mr. cramer,
that's different from what the government is saying. jeff in pennsylvania. jeff. >> caller: with the announcement of the new yahoo! ceo what does it mean for the future of the company? >> it was a shocker. i thought ross levinson, the interim had the job. i don't like to opine when i don't know. mayer has a terrific background. my friend herb greenberg was here. google is a great company. you get someone high level and they do a good job. i just don't know enough. rocky in ohio,...